Amend CSSB 1775 as follows:
(1) In SECTION 1 of the bill, in Section 5(e)(4), Article
9034, Revised Statutes, (page 3, line 44), after the ";" strike
"and".
(2) In SECTION 1 of the bill, in Section 5(e)(5), Article
9034, Revised Statutes (page 3, line 46), strike the "." and
substitute "; and".
(3) In SECTION 1 of the bill, in Section 5, Subsection (e),
Article 9034, Revised Statutes, add a new Subdivision (e)(6) (page
3, line 47) to read as follows:
"(6) service contracts sold by a motor vehicle dealer on
vehicles sold by that dealer if the dealer is the provider and is
licensed as a motor vehicle dealer pursuant to Subchapter D, Texas
Motor Vehicle Commission Code (Article 4413(36) Vernon's Texas
Civil Statutes), and covers its obligations under the service
contract with a reimbursement insurance policy as defined by
Section 2(11) of this article."
(4) Add a new SECTION 2 (page 7, line 25) to read as
follows, and renumber the subsequent sections appropriately:
"SECTION 2. Section 348.208, Finance Code, is amended by
adding Subsection (c) to read as follows:
(c) Notwithstanding any other law, service contracts sold by
a retail seller of a motor vehicle to a retail buyer are not
subject to 1.14-1, Insurance Code."